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Putin orders Russia gov’t response to sanctions

The Associated Press
2:24 p.m. CDT August 5, 2014

Russian President Vladimir Putin, background center, heads the Cabinet meeting in the Novo-Ogaryovo residence, outside Moscow, Russia, Wednesday, July 30, 2014. The meeting focused on measures to encourage Russian companies to pull their assets back from offshore. The United States and the European Union on Tuesday announced a raft of new sanctions against Russian companies and banks over Moscows support for separatists in Ukraine.
(Photo:
AP Photo/RIA Novosti, Alexei Nikolsky, Presidential Press Service
)

MOSCOW (AP) — Russian President Vladimir Putin says he has ordered the government to develop measures in response to Western sanctions.

Putin, in a meeting with state officials in the city of Voronezh on Tuesday, did not specify what the measures might be but said: “I have given the order today to formulate them,” Russian news agencies reported.

Russia has been hit by an array of increasingly strong sanctions by the United States and the European Union that seek to punish Russia for its annexation of the Ukrainian region of Crimea and alleged support of separatist rebels in eastern Ukraine.

Putin said the measures must be carefully designed to avoid affecting Russian consumers.

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